AGS enters Brazilian market following OBN survey contract

Axxis Geo Solutions (AGS), a pure-play ocean bottom node seismic company, has signed a contract for source work in Brazil with a minimum value of $4 million with SAExploration.

AGS said on Tuesday that the initial contract is minimum three-vessel months including mobilization and demobilization which is compensated for.

The source vessel, Neptune Naiad, is owned by AGS and will be transferred from the North Sea for the beginning of Ocean Bottom Node (OBN) operations in Brazil in October.

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